UPLEX Global Offers Lending Professionals 18-Month Free Subscription to Test Drive New Online Secondary Loan Marketplace

INDIANAPOLIS, July 12, 2011 /PRNewswire/ -- UPLEX Holdings today announced it is now inviting lending portfolio professionals at banks, credit unions and asset management firms of all sizes to sign up to become Beta testers for its new online commercial loan portfolio management and trading platform at www.UPLEXGlobal.com. In exchange for test driving the secure and cost-effective system for buying and selling whole loans, participations or portfolio assets, the company is offering Beta testers a free 18-month subscription, an $8,100 value, with no monthly account fee through 2012. Additionally, any trade made during the 2012 calendar year will count toward the 2013 rebate of fees.

Designed to eliminate the manual, time-consuming process and high cost of the traditional brokerage model, the UPLEX Global platform provides a safe, secure, efficient and cost-effective way for banks and credit unions to buy and sell all varieties of commercial loans on a global basis.

With its unique subscription-based online trading platform, UPLEX Global (U.S. Professional Loan Exchange) leverages the most advanced technologies in the industry to ensure transaction security, price transparency and market efficiency. By giving buyers and sellers from around the world the opportunity to tap into an international secondary market, UPLEX Global offers an unprecedented level of global liquidity to enhance loan portfolio management and expand access to the secondary market for financial institutions of all sizes at an affordable cost.

The UPLEX Global Beta test is open to loan portfolio management professionals at banks and credit unions, hedge funds, equity groups and insurance companies, as well as private investors. Testers have the opportunity to experiment with the system, conducting simulated trades with mock loans at no charge. Or, testers may choose to buy and sell real loans during the Beta period, paying only a low per-transaction fee of just 0.3% to 0.5%, based on the asset size traded.

"We've designed this system specifically to eliminate the high cost and inefficiency barriers most smaller institutions face when looking to buy and sell individual loans, loan participations or loan portfolios," said Paul Giefing, CEO and founder of UPLEX Holdings. "UPLEX Global cuts out the middleman in traditional broker-facilitated loan trading by letting buyers and sellers drive the transaction—and the price—to create a truly efficient global market."

To sign up to become a UPLEX Global Beta tester and claim the 18-month free subscription, visit www.UPLEXGlobal.com and enroll before July 15th. Each Beta tester will be asked to complete a brief questionnaire at the conclusion of the trial to provide feedback. Participation in the Beta trial is risk-free and there's no obligation—testers can discontinue using the service at any time.

About UPLEX Holdings, LLC:

UPLEX Holdings operates UPLEX Global, an online loan trading platform that utilizes cutting-edge technology to provide an efficient, automated and secure exchange for commercial/consumer loans all over the world. UPLEX Global emphasizes four attributes—security, transparency, liquidity and efficiency—that make it unique among secondary loan marketplaces. Founded by professionals in the banking field, UPLEX Global is fast becoming an essential tool for banks, credit unions and other institutions who wish to benefit from global loan portfolio trading. To learn more, visit www.UPLEXGlobal.com.

SOURCE UPLEX Holdings, LLC